Merchandise exports to low- and middle-income economies in East Asia in Panama
Panama: Merchandise exports to low- and middle-income economies in East Asia was 40.9% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in East Asia in Panama, 1966–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Panama recorded 40.9% for merchandise exports to low- and middle-income economies in east asia in 2023. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 13.4% on the previous year and up 331.6% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in east asia in Panama peaked at 40.9% in 2023 and was at its lowest, 0.0%, in 1987.
That places Panama 24th out of 206 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in East Asia in Panama, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1966 | 0.1% | — |
| 1967 | 0.1% | -6.7% |
| 1968 | 0.1% | -11.4% |
| 1969 | 0.0% | -57.6% |
| 1970 | 0.0% | -89.8% |
| 1971 | 0.0% | +191.2% |
| 1972 | 0.2% | +952.8% |
| 1973 | 0.1% | -45.7% |
| 1974 | 0.1% | +41.9% |
| 1975 | 0.5% | +357.8% |
| 1976 | 0.0% | -90.9% |
| 1977 | 0.1% | +65.9% |
| 1985 | 0.0% | -93.0% |
| 1986 | 0.0% | +19.6% |
| 1987 | 0.0% | -39.7% |
| 1988 | 0.0% | +329.2% |
| 1989 | 0.0% | +154.0% |
| 1991 | 0.1% | +26.1% |
| 1992 | 0.0% | -87.9% |
| 1993 | 0.0% | +252.7% |
| 1994 | 0.0% | -70.6% |
| 1995 | 0.9% | +13364.8% |
| 1996 | 1.2% | +23.5% |
| 1997 | 0.2% | -86.5% |
| 1998 | 0.7% | +359.8% |
| 1999 | 0.5% | -27.8% |
| 2000 | 0.2% | -54.2% |
| 2001 | 0.4% | +71.2% |
| 2002 | 0.3% | -31.9% |
| 2003 | 1.6% | +462.6% |
| 2004 | 1.5% | -3.9% |
| 2005 | 1.3% | -14.6% |
| 2006 | 1.6% | +25.8% |
| 2007 | 3.8% | +136.2% |
| 2008 | 5.0% | +29.9% |
| 2009 | 3.3% | -34.9% |
| 2010 | 6.3% | +94.4% |
| 2011 | 7.3% | +15.1% |
| 2012 | 7.0% | -3.3% |
| 2013 | 9.5% | +34.5% |
| 2014 | 14.6% | +54.0% |
| 2015 | 10.9% | -25.0% |
| 2016 | 10.4% | -4.7% |
| 2017 | 13.8% | +32.6% |
| 2018 | 12.9% | -6.4% |
| 2019 | 12.5% | -3.6% |
| 2020 | 25.7% | +105.8% |
| 2021 | 33.8% | +31.9% |
| 2022 | 36.1% | +6.5% |
| 2023 | 40.9% | +13.4% |
Panama compared with similar countries
- Panama's 40.9% is above the median for high income countries, which is 4.1%, 10.0× the median. (74 countries reporting)
- Panama's 40.9% is above the median for Latin America & Caribbean, which is 1.8%, 22.1× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in East Asia in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +13364.8% | 0.0% | 0.9% |
| 1972 | +952.8% | 0.0% | 0.2% |
| 2003 | +462.6% | 0.3% | 1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1% | 0.0% | 0.1% | 4 |
| 1970s | 0.1% | 0.0% | 0.5% | 8 |
| 1980s | 0.0% | 0.0% | 0.0% | 5 |
| 1990s | 0.4% | 0.0% | 1.2% | 9 |
| 2000s | 1.9% | 0.2% | 5.0% | 10 |
| 2010s | 10.5% | 6.3% | 14.6% | 10 |
| 2020s | 34.1% | 25.7% | 40.9% | 4 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Food exports 73.6% (2024)
- Manufactures exports 10.9% (2024)
- Merchandise exports 11.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1316 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in east asia in Panama?
- Merchandise exports to low- and middle-income economies in east asia in Panama was 40.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in east asia recorded in Panama?
- The highest recorded value was 40.9% in 2023.
- What is the lowest merchandise exports to low- and middle-income economies in east asia recorded in Panama?
- The lowest recorded value was 0.0% in 1987.
- How does Panama rank for merchandise exports to low- and middle-income economies in east asia?
- Panama ranks 24th out of 206 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in east asia rising or falling in Panama?
- Over the last ten years it is up 331.6%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in East Asia & Pacific (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to low- and middle-income economies in East Asia and Pacific are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the East Asia and Pacific region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.